Forex Trend Analysis Report
Prepared for you on Wednesday, June 26, 2019.
Japanese Yen/US Dollar (FOREX:JPYUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for JPYUSD
The long term trend has been UP since May 31st, 2019 at 0.009188
The intermediate term trend has been UP since May 5th, 2019 at 0.009004
The short term trend has been DOWN since Jun 26th, 2019 at 0.009301
Smart Scan Analysis for JPYUSD
Based on a pre-defined weighted trend formula for chart analysis, JPYUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).